one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct material costs will increase by $30 per unit
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Strategic Plan Riordan Manufacturing is a mid-size American company that was founded in 1991‚ employs 550 people and has projected annual earnings of $46 million. Riordan has three manufacturing locations‚ two in the United States and one in China. Riordan understands the importance of strategic planning and will lay out their reasoning in this paper. Competitive advantages‚ sustainability‚ innovation and ethical and social responsibilities will be addressed‚ as well as cultural and structural leadership
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case. Rule of law‚ the determination of which law governs the issue is based the applicability of the law to the facts of the client’s case. This embodies enacted and case law. Analysis/Application determines how the rule of law applies to the issue(s) of the case. This component also has three devices‚ identifying the elements of the rule of law‚ apply the elements to the facts of the case‚ and consider the possible
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Production Plan for Riordan Manufacturing Operations Management 571 (OPS571) “Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise with revenues in excess of $1 billion”. (University of Phoenix‚ pg.1‚ 2013) Riordan corporate headquarters is in San Jose‚ California. The company’s research and development is conducted here. A chemistry professor
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especially education. In Michigan alone‚ during the year 2000‚ Michigan Lottery reported annual sales of $1.69 billion in fiscal 2000‚ and generated $618.5 million in net revenue for the state School Aid Fund‚ supporting public education (K-12) programs throughout the state. Retailers received annual commissions of $120.3 million‚ while Michigan Lottery players collected prizes worth $920.8 million. Table I presents sales and funding figures accounted for by the Michigan Lottery since its inception
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Plants and animals have a lot of things in common so much in fact i couldn’t fit half of them into this essay‚ there similarities and differences span from the smallest things like cells to huge thing like the whole organism. One thing that plants and animals both have in common is the fact that they adapt‚ the main thing isn’t that they adapt though it’s why they do it. Animals‚ plants‚ and humans all share the same thing they have a will to live in different ways maybe or some might want to live
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review of agile manufacturing systems LUIS M. SANCHEZy and RAKESH NAGIy* About a decade ago‚ the agile manufacturing paradigm was formulated in response to the constantly changing `new economy’ and as a basis for returning to global competitiveness. While agility means di erent things to di erent enterprises under di erent contexts‚ the following elements capture its essential concept: agility is characterized by cooperativeness and synergism (possibly resulting in virtual corporations)‚ by a strategic
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Dr. Tim Brueggemann MBA54001OL Date 10/05/2011 Situation Baxter Manufacturing Company (BMC) is a metal stampings company. Its major customers include‚ Ford‚ General Motors‚ Honda of America‚ General Electric and Whirlpool. The company is made up of two divisions it makes brackets and other components that go into the finished product‚ they also make motor casings. BMC employees about 420 non-union employees and has been steadily growing for the last 6 years. They have been approached to
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Plan for Riordan Manufacturing The intended principle of this study is to submit suggestions for a new process design and the supply chain at Riordan Manufacturing‚ Inc. The reformation will utilize the theory of Lean Production in the application of the electric fans manufacturing. The research uses Riordan Manufacturing‚ Inc. intranet information. This paper will present a complete production plan for two of the Riordan Manufacturing Inc. locations: Hangzhou‚ China and Pontiac‚ MI. Riordan’s
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Problem: Hedging using Foreign Currency Derivatives problem: Scout Finch is the Chief Financial Officer [CFO] of Dayton Manufacturing‚ a U.S. based manufacturer of gas turbine equipment. She has just concluded negotiations for the sale of a turbine generator to Crown‚ a British firm for One million pounds. This single sale is quite large in relation to Dayton’s present business. Dayton has no other current foreign customers‚ so the currency risk of this sale is of particular concern. The sale is
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